Willis Towers Watson (WTW) Operating Margin (2009 - 2026)
Willis Towers Watson posted quarterly Operating Margin of 18.96% for Q1 2026, down 47.0% year-on-year from 35.77% in Q1 2025, and down 42.66% on a QoQ basis from 33.06% in Q4 2025.
Willis Towers Watson (WTW) has 18 years of Operating Margin data on file, last reported at 18.96% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 47.0% year-over-year to 18.96%; the trailing twelve-month figure through Mar 2026 stood at 22.64% (up 1467.0% YoY), and the FY2025 full-year result was 23.01%, up 1670.0% from the prior year.
- Operating Margin for Q1 2026 stood at 18.96%, down from 33.06% in the prior quarter.
- Across five years, Operating Margin topped out at 33.06% in Q4 2025 and bottomed at 33.46% in Q3 2024.
- The 5-year median for Operating Margin is 12.7% (2023), against an average of 13.42%.
- The widest annual swing landed in 2022, when Operating Margin sank 4930 bps; it then surged 5213 bps in 2025.
- A 5-year view of Operating Margin shows it stood at 26.39% in 2022, then climbed by 3 bps to 27.25% in 2023, then climbed by 9 bps to 29.69% in 2024, then increased by 11 bps to 33.06% in 2025, then plunged by 43 bps to 18.96% in 2026.
- The last three Operating Margin figures came in at 18.96% (Q1 2026), 33.06% (Q4 2025), and 18.66% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Aon | 69.60 Bn | 68.21 Bn | - | 34.07% |
| 2 | Arthur J. Gallagher | 52.64 Bn | 51.26 Bn | - | - |
| 3 | Willis Towers Watson | 24.45 Bn | 22.68 Bn | 1.98 Bn | 18.96% |
| 4 | Brown & Brown | 19.37 Bn | 18.39 Bn | 1.61 Bn | 83.90% |
| 5 | XChange TEC.INC | 6.95 Bn | 6.95 Bn | - | - |
| 6 | Accelerant Holdings | 3.83 Bn | 2.32 Bn | 48.00 Mn | 9.32% |
| 7 | Corvel | 3.22 Bn | 2.87 Bn | 54.92 Mn | 13.68% |
| 8 | Baldwin Insurance | 1.84 Bn | 2.28 Bn | - | -19.15% |
| 9 | Goosehead Insurance | 1.01 Bn | 899.53 Mn | - | 16.11% |
| 10 | Twfg | 279.02 Mn | 351.22 Mn | - | 16.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.96% |
| Dec 31, 2025 | 33.06% |
| Sep 30, 2025 | 18.66% |
| Jun 30, 2025 | 16.28% |
| Mar 31, 2025 | 19.43% |
| Dec 31, 2024 | 29.69% |
| Sep 30, 2024 | -33.46% |
| Jun 30, 2024 | 9.55% |
| Mar 31, 2024 | 12.20% |
| Dec 31, 2023 | 27.25% |
| Sep 30, 2023 | 7.49% |
| Jun 30, 2023 | 6.70% |
| Mar 31, 2023 | 12.70% |
| Dec 31, 2022 | 26.39% |
| Sep 30, 2022 | 8.03% |
| Jun 30, 2022 | 6.94% |
| Mar 31, 2022 | 8.29% |
| Dec 31, 2021 | 25.50% |
| Sep 30, 2021 | 57.32% |
| Jun 30, 2021 | 8.13% |
| Mar 31, 2021 | 9.47% |
| Dec 31, 2020 | 21.69% |
| Sep 30, 2020 | 3.48% |
| Jun 30, 2020 | 3.84% |
| Mar 31, 2020 | 6.60% |
| Dec 31, 2019 | 25.54% |
| Sep 30, 2019 | 5.44% |
| Jun 30, 2019 | 8.67% |
| Mar 31, 2019 | 15.53% |
| Dec 31, 2018 | 19.81% |
| Sep 30, 2018 | 0.91% |
| Jun 30, 2018 | 3.17% |
| Mar 31, 2018 | 11.30% |
| Dec 31, 2017 | 3.85% |
| Sep 30, 2017 | -1.40% |
| Jun 30, 2017 | 3.12% |
| Mar 31, 2017 | 17.29% |
| Dec 31, 2016 | 4.57% |
| Sep 30, 2016 | 0.06% |
| Jun 30, 2016 | 6.98% |
| Mar 31, 2016 | 14.59% |
| Dec 31, 2015 | 0.21% |
| Sep 30, 2015 | 3.19% |
| Jun 30, 2015 | 11.39% |
| Mar 31, 2015 | 26.95% |
| Dec 31, 2014 | 14.51% |
| Sep 30, 2014 | 4.19% |
| Jun 30, 2014 | 15.83% |
| Mar 31, 2014 | 29.72% |
| Dec 31, 2013 | 15.78% |
| Sep 30, 2013 | 8.81% |
| Jun 30, 2013 | 18.76% |
| Mar 31, 2013 | 26.74% |
| Dec 31, 2012 | -90.82% |
| Sep 30, 2012 | 9.28% |
| Jun 30, 2012 | 21.26% |
| Mar 31, 2012 | 31.29% |
| Dec 31, 2011 | 9.89% |
| Sep 30, 2011 | 11.84% |
| Jun 30, 2011 | 18.12% |
| Mar 31, 2011 | 23.73% |
| Dec 31, 2010 | 21.38% |
| Sep 30, 2010 | 14.46% |
| Jun 30, 2010 | 21.15% |
| Sep 30, 2009 | 11.31% |
| Jun 30, 2009 | 21.05% |